Bright New Year start for Trinidad Exchange


Stocks started the new year with rising stocks overpowering those declining and pushed the Trinidad and Tobago Stock Exchange higher on Thursday, following a 179 percent climb in the volume of stocks traded with a 10 percent lower value than on Tuesday resulting in 16 securities trading down from 19 on Tuesday and ending with prices of three rising, four declining and nine ending firm.

The market closed with trading of 111,764 shares valued at $734,454 compared to 40,067 stock units at $812,755 on Tuesday. An average of 6,985 shares were traded at $45,903 compared with 2,109 units at $42,777 on Tuesday, compared with an average for December of 19,548 shares at $423,231.
The Composite Index rallied 7.85 points to end at 1,081.08, the All T&T Index climbed 12.62 points to 1,592.87, the SME Index remained at 92.58 and the Cross-Listed Index popped 0.38 points to settle at 74.66.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $67.50 after a transfer of 195 stocks, Angostura Holdings ended at $14.85 with 103 units clearing the market, CIBC Caribbean Bank remained at $8.25 after an exchange of 8,080 shares. First Citizens Group rallied $2.54 to $43 in trading 458 stock units, GraceKennedy ended at $3.70 after 25,875 shares passed through the market, Guardian Holdings ended trading  at $14.95 in an exchange of 230 units. Guardian Media remained at $1.15 with 200 stocks crossing the market, L.J. Williams B share ended at 75 cents with an exchange of 800 stock units, Massy Holdings popped 8 cents and ended at $3.99 with 169 shares crossing the market. National Enterprises declined 14 cents to end at $2.65 with a transfer of 11,000 stock units, National Flour Mills remained at $1.70 with investors swapping 11,604 stocks, Prestige Holdings ended at $11.30 and closed with an exchange of 559 units. Republic Financial advanced $1.17 to $114 with traders dealing in 1,958 stocks, Scotiabank slipped 29 cents to $57.01 as investors exchanged 11 units, Trinidad & Tobago NGL dipped 25 cents to finish at $4.75 after trading of 30,727 shares and West Indian Tobacco lost 5 cents and ended at $5.55 with investors dealing in 19,795 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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